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Beyond Growth

4.03 of 5 stars 4.03  ·  rating details  ·  135 ratings  ·  18 reviews
Named one of a hundred "visionaries who could change your life" by the Utne Reader, Herman Daly has probably been the most prominent advocate of the need for a change in economic thinking in response to environmental crisis. An iconoclast economis t who has worked as a renegade insider at the World Bank in recent years, Daly has argued for overturning some basic economic a
Hardcover, 253 pages
Published August 14th 1997 by Beacon Press (MA) (first published 1996)
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Aug 15, 2011 Terence rated it 3 of 5 stars  ·  review of another edition
Recommends it for: Economics majors
Shelves: economics
I finished this last week and have been dithering since then with notes and possible angles for addressing the arguments in the book.

Well, no more delay - I will post the review. Eventually. Just not today :-)

Anyone who has followed my recent nonfiction reading may have seen a theme – a focus on the deteriorating conditions for life on this planet. While the subject has been of interest for a long time, my latest venture into it began with Derrick Jensen’s Endgame (both volu
Herman Daly's "preanalytic vision" is that the economy is a open, growing sub-system of a finite, closed ecological system. This may sound like jargon but the implication of accepting such a concept is portentous for the economic and political consensus. Put simply, further economic growth is increasingly unsustainable as we approach a "full world" and an alternative economic model is needed. The answer, according to Daly, is to move towards a "steady state" economy.

A steady state economy, Daly
Bill O'driscoll
Daley is a pioneering economist here exposing the absurdity our pursuit of infinite "economic growth" on a finite planet. The reading is a bit theoretical at times, but Daly is a decent writer, and his main point is well-made: Most standard macroeconomics models (and hence most standard texts) assume that "natural resources" are a subset of the human economy, when in fact it is the other way around. His suggestions for a way forward put more faith in the market economy than I think is warranted, ...more
I gave this two stars because I didn't actually finish it, and then I had to return it to the library. I was hoping for a layman's guide to a sustainable economy, but it seemed quite academic and dry. The author spent a while complaining about some recommendations he had made for a report that weren't included. Yawn. It didn't help that the type was tiny. Trying to save paper? I might give it another try at some point, or look for something more accessible. I want to read more about this, becaus ...more
Beth Barnett
Discussion of "growth" and alternatives to the "GNP" index to measure economic well-being. Daly talks about environmental capital, unhealthy economic growth/spending, and challenges the sacred cow of "growth" itself, as it is currently seen by mainstream economists.
The Capital Institute
Daly has been called one of the most prominent advocates for a change in economic thinking. In Beyond Growth, Daly writes that in terms of sustainability, it is crucial that we begin to see the economy as part of the entire ecosystem, and therefore revoke the ideal of economic growth. Daly writes that our most basic assumptions about economic theory, trade, welfare and population need to be rethought. Beyond Growth presents the idea that there is a larger struggle among conventional economists a ...more
Carl Wade
Pg 247: He has some principles of economics from the Bible but also 2 chapters.
Pg 1: a bit of a shibboleth sustainable development is meeting the needs of the present with out sacrificing the ability of the future to do the same. very good so far.
Pg 12: Presidents Council on sustainable development 15 principals calls for reduced population and per capital consumption. That won't go over very well. What we must do is find new ways to use trash. That's right trash.
Pg 45: Growth economy to sustai
Visionary economics that probably aren't taken seriously. Ex-World Bank economist Herman Daly makes newer arguments for Sustainable (Steady-State) economics, that he has been making since the early 70's. The tragic flaw in current economic theory is in assuming that resource availability and waste removal is not finite - that the economy is not properly considered as a subsystem of the overall ecosystem - which leads invariably to economic growth policies as solutions to problems of development ...more
I didn't finish the whole book, unfortunately -- this was a library book which I left on the subway by mistake -- but I appreciated Daly's economic analysis. His distinction between economic growth (quantitative) and development (qualitative) was useful, and I also appreciated his acknowledgement that economic models must be considered as a subsystem of the earth's ecosystem, as opposed to an isolated, unencumbered, limitless universe

The only failing of this particular work is that it is a kind
Mar 03, 2012 John marked it as to-read  ·  review of another edition
A truly important book. Daly was a World Bank economist who left the Bank because he felt that their professionals systematically disregarded the fact that the economy is not simply a closed system in which money and goods circulate. Instead, the economy has many low-entropy "inputs" from the wider ecosystem (raw materials, sunlight) and high-entropy "outputs" (waste, pollution). Classical economics, according to a metaphor repeated several times in the book, is like a study of human physiology ...more
a good intro to alternative econ theory. many of the points regarding sustainable development have since publication entered mainstream discourse, so it's interesting to see where they've gained traction. the book's strong points are its brevity and clarity - requiring only a basic understanding of economics to follow. case studies and biographical info are well chosen, and most policy recommendations are thoughtfully put forth. my main disappointment was in Daly's discussion of religious roles ...more
Incredible book challenging many of the underlying assumptions of modern economic thought, including the idea that all growth is good, or that an economy can grow indefinitely.

Daly, a former Chief Economist for the World Bank (who left in disgust), seems likely to be more fully appreciated in the years to come. Read him now, and see what the future holds.
Great book. A very interesting attack on the "growth is best" mentality that now permeates all spheres of economics. It's a not a hippie waxing poetic about how the world should be, its a very well-reasoned argument that the rules of economics we live by were brilliant 150 years ago (when we thought them up) but entirely out-dated now and in need of revision.
This is a simple introduction to Daly's revision of neoclassical economics. A good starting point for anyone with basic knowledge of macroeconomics, with an interest in how economic theory can be more complete, taking the environment into account.
Marts  (Thinker)
"the need for a change in economic thinking in response to environmental crisis"... these words grabbed my attention in this books general goodreads review, that change in 'economic thinking' is imperative to sustainable development...
Conceptually fascinating, but very rough and slow reading in places. Some of the examples are very out of date. I can't say I agree with everything, but it is a great eye opener.
close to a 5, brilliant. still , sadly, way ahead of its time.
Landmark essay from one of the world's smartest individuals.
Søren Esbjørn
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Herman Daly is an American ecological economist and professor at the School of Public Policy of University of Maryland, College Park in the United States. He was Senior Economist in the Environment Department of the World Bank, where he helped to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. He is closel ...more
More about Herman E. Daly...
Ecological Economics: Principles And Applications For the Common Good: Redirecting the economy toward community, the environment, and a sustainable future. Steady-State Economics: Second Edition With New Essays Valuing the Earth: Economics, Ecology, Ethics Ecological Economics and the Ecology of Economics: Essays in Criticism

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